Hello Friends,
Good day to you. I hope that the day is going well for you all and it's going well for me also.
In the Crypto market, it is very difficult to find the bottom for any coin. Everyone wants to buy low and sell high but the reality is majority of people are not able to do this. While it is very difficult but still with some calculation and analysis it is possible to figure out a good point for buying which might not be the lowest. Even if it is not the lowest then also nothing to worry about because the price will be good to buy.
Today I'm talking about Zing token which is the token I have been trying to track for some time. I think the current rise is bottom and I do not anticipate any more big drop in its value. I have reasons behind why I am saying this. If you look at the below chart you will be able to find that the token has been in a downtrend from February month onwards. We are in the first week of March but still, the token has followed a downtrend till now. It is the lowest price ever in the last three months which is visible on the chart.
Now if you see that the it is lowest in three months what dip you can expect? I think there will not be any bigger deep in the price. First is the reason because the game is going to be launched in the next few months hopefully. The sale is going to be live soon which can be this month or the next. This is going to be the first sale and this has not been confirmed by the team whether Zing will be part of the sale or not. If Zing can be used to buy assets then let me tell you that the value of Zing will shoot up.
It is obvious that when any token can be used as payment for buying different assets it's obvious that the price will also grow. Even if this token cannot be used as a payment option then also it will grow because after the sale people will expect the game to go live soon. Even I do because once we have a set it is obvious that we will expect the game to go live soon so that we can do those assets in the game and enjoy the gaming. I have planned to buy some tokens which I will do but as I already discussed in my previous post I will continue to track its price.
In my opinion, the price is going to be here for some time and a slight fluctuation is expected. I'm not saying the price will stay at this price because that's not possible practically in any market and a slight fluctuation is always a possibility. What I'm trying to say is that the price will stay here in this range for some time and from here the higher expectation is to go up.
Conclusion
Once again I will continue to track the price and hopefully, if it stays in the same range that I have calculated and analysed so in the weekend I will try to buy some. These days I'm trying to analyse different prices and Zing is also one. I do stock investing sometimes and for that reason I also read charts and different price moments so thought of doing this with this token also but do not know how accurate is it going to be. Please do not follow my advice for any financial investment because I am just sharing my thoughts which might not be correct. I will do what I think but I do not ask anyone to follow my analysis.
My referral link for the Holozing Game-
https://holozing.com?ref=shriram19
Thanks for stopping by
Posted Using InLeo Alpha
